Pricing Supplement No. 124 dated April 5, 2006

CALCULATION OF REGISTRATION FEE

 

 

Title of Each Class of Securities Offered      Maximum
Aggregate Offering
Price (1)		     

Amount of

Registration Fee (2)

 

Prudential Financial Floating Rate Retail Medium-Term Notes Due April 15, 2008

      $ 30,000,000      $ 3,210

 

(1) Excludes accrued interest, if any.
(2) Pursuant to Rule 457(p) under the Securities Act of 1933, as amended, registration fees were paid with respect to unsold securities that were previously registered pursuant to Registration Statement Nos. 333-123240, 333-123240-01 and 333-123240-02 and were carried forward. Prudential Financial is offsetting the $3,210 registration fee with respect to the $30,000,000 Prudential Financial Floating Rate Retail Medium-Term Notes Due April 15, 2008 offered by means of this pricing supplement against those registration fees carried forward, and $108,242.64 remains available for future registration fees. No additional registration fee has been paid with respect to this offering.

 

Prudential Financial Retail Medium-Term Notes, Due One Year or More from Date of Issue

Filed under Rule 424(b)(3), Registration Statement(s) No. 333-132469, 333-132469-01 and 333-132469-02

Pricing Supplement No. 124 – dated April 5, 2006

(to Prospectus dated March 16, 2006 and Prospectus Supplement dated March 16, 2006)

Investors should read this pricing supplement in conjunction with the Prospectus and Prospectus Supplement.

 

CUSIP

Number

     

Aggregate

Principal

Amount

     

Price to

Public

  

Gross

Concession

     

Net

Proceeds

to Issuer

     

Coupon

Type

     

Interest

Rate

Basis

     

Spread

74432RAD5

      $30,000,000     

99.75%*

 

$29,925,000.00

  

0.02%

 

$6,000.00

     

99.73%

 

$29,919,000.00

      Floating      LIBOR      0.00%

 

Index Maturity

   

Interest

Reset Dates

   

Maximum

Interest

Rate

   

Day Count
Basis

   

Issue Date

   

Interest
Payment
Frequency

   

1st

Interest

Payment

Date

   

Maturity
Date

   

Survivor’s
Option

   

Product
Ranking/
Collateral
Type

   

Moody’s
Rating

   

S&P
Rating

3 months

    QUARTERLY on the 15th of January, April, July and October commencing July 15th, 2006    5.50%    Actual/360, modified following, adjusted    April 17, 2006   

QUART-

ERLY

   

July 15,
2006

   

April 15,
2008

    No    Senior Unsecured Notes    A3    A

Redemption Information: Non-Callable.

Lead Agent: Banc of America Securities LLC Purchasing Agent: Deutsche Bank Securities Inc. Agents: A.G. Edwards & Sons, Inc., Bear, Stearns & Co., Inc., Charles Schwab & Co. Inc., Citigroup, Edward D. Jones & Co., L.P., Fidelity Capital Markets Services, Incapital LLC, Merrill Lynch & Co., Ramirez & Co., Inc., Raymond James & Associates, Inc., RBC Dain Rauscher Inc., Muriel Siebert & Co., Inc., UBS Financial Services Inc.

 

Prudential Financial, Inc.     

Pricing Date: April 5, 2006
Settlement Date: April 17, 2006

 

Minimum Denomination/Increments:
$1,000.00/$1,000.00

 

Initial trades settle flat and clear SDFS:
DTC Book Entry only
DTC Number 573 via Deutsche Bank Securities Inc.

    Prudential Financial, Inc.
$2,500,000,000 Prudential Financial Retail
Medium-Term Notes
Prospectus dated16-Mar-06 and
Prospectus Supplement dated 16-Mar-06
     The Prudential Financial, Inc. Retail Medium-Term Notes will
be represented by a master global note in fully registered
form, without coupons. The master global note will be
deposited with, or on behalf of, DTC and registered in the
name of a nominee of DTC, as depository, or another
depository as may be named in a subsequent pricing
supplement.		   
     * Note: In connection with this offering, subsequent resale
of the notes by other broker-dealers will be at a price above 99.75%.		   

 

Deutsche Bank Securities